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443 results for “section 68”+ Section 6(3)(ii)clear

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Key Topics

Section 14A93Limitation/Time-bar56TDS26Addition to Income22Section 25020Disallowance20Section 14719Deduction19Section 153A18Section 40

SRI.P.V.RAVINDRAN,KANNUR vs. THE ITO, KANNUR

In the result, both the appeals filed by the assessee stands allowed

ITA 302/COCH/2020[2014-15]Status: DisposedITAT Cochin14 Sept 2022AY 2014-15

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T.M. Sreedharan, AdvFor Respondent: Shri Shantam Bose, CIT DR
Section 115BSection 263Section 3(1)(b)Section 68

3) on 27.09.2017 accepting the income returned. The assessee had filed the return of income for A.Y 2014- 15 by declaring a total income at Rs. 6,00,000/- after the survey u/s 133A. Accordingly the assessment was completed accepting the income declared by the assessee. It is to be seen that the assessee offered said income of Rs. 6

Showing 1–20 of 443 · Page 1 of 23

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Section 143(3)17
Section 26314

SHRI.P.V. RAVEENDRAN,KANNUR vs. THE ITO, KANNUR

In the result, both the appeals filed by the assessee stands allowed

ITA 303/COCH/2020[2015-16]Status: DisposedITAT Cochin14 Sept 2022AY 2015-16

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T.M. Sreedharan, AdvFor Respondent: Shri Shantam Bose, CIT DR
Section 115BSection 263Section 3(1)(b)Section 68

3) on 27.09.2017 accepting the income returned. The assessee had filed the return of income for A.Y 2014- 15 by declaring a total income at Rs. 6,00,000/- after the survey u/s 133A. Accordingly the assessment was completed accepting the income declared by the assessee. It is to be seen that the assessee offered said income of Rs. 6

BHIMA JEWELLERS,SULTHAN BATHERY, WAYANAD vs. THE PR CIT, KOZHIKKODE, KOZHIKKODE

In the result, appeal of the assessee is dismissed

ITA 208/COCH/2018[2013-14]Status: DisposedITAT Cochin17 Aug 2018AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

Section 115BSection 14Section 143(3)Section 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D

68 to 69D will be subjected to tax at flat rate of 30% and not set off of loss would be allowed against such income. It was submitted that the memorandum explaining the amendments clearly states that the amendment would take place prospectively form AY 2017-18 onwards. 3 Therefore, prior to the amendment in section 115BBE, there

THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 354/COCH/2006[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 605/COCH/2005[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 355/COCH/2006[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THEACIT, CIR-1(1),EKM, ERNAKULAM vs. SRI.E.M.JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 453/COCH/2007[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.MATHAI XAVIER, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 451/COCH/2007[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.TOMY MATHEW PARTNER OF MATHAI SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 419/COCH/2007[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THE ACIT, CIR-1(1), ERNAKULAM, ERNAKULAM vs. SRI.JOSE MATHEW, M/S.E.V.MTHAI & SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 450/COCH/2007[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.E.M.PAUL, EDAKATTUKUDIYIL, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

ITA 449/COCH/2007[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 2(24)(vi)Section 48

68,992.63 11. A/c Plant 4,54,254.59 12. Projector fittings 35,427.94 13. Generator 6,81,911.73 14. Ultra Stereo 8,41,964.63 15. Screen 16,406.25 2,99,17,007.37 Less: Outstanding liability to Sylcon (security deposit and loan) 7,00,000 + 6,00,000 13.00.000.00 Rs.2,86,17,807.37 5.1 It was seen that the assessee

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

In the result, the appeal filed by the assessee is dismissed

ITA 439/COCH/2019[2014-15]Status: DisposedITAT Cochin05 Nov 2019AY 2014-15

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.Bomi Daruwala, AdvocateFor Respondent: Smt.A.S.Bindhu, Sr.DR
Section 143(1)Section 143(3)Section 14ASection 263Section 56(2)(viib)Section 68

6 M/s.Sahyadri Agencies Limited. Re: Reason given by the PCIT in the show cause notice under section 263 of the Act for treating the assessment order under section 143(3) as erroneous and prejudicial to the interests of the revenue: In Para 3 of the show cause notice under section 263 of the Act, the PCIT

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 128/COCH/2017[2012-13]Status: DisposedITAT Cochin19 May 2020AY 2012-13

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

6. The learned CIT (A) ought to have observed from the records that there were sufficient own funds available with the appellant for making the said investments. In this regard, reliance is placed on the decision of the High Court of Bombay in the case of CIT Vs. Reliance Utilities & Power Limited reported in 313 ITR 340. 3. The facts

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 133/COCH/2017[2012-13]Status: DisposedITAT Cochin19 May 2020AY 2012-13

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

6. The learned CIT (A) ought to have observed from the records that there were sufficient own funds available with the appellant for making the said investments. In this regard, reliance is placed on the decision of the High Court of Bombay in the case of CIT Vs. Reliance Utilities & Power Limited reported in 313 ITR 340. 3. The facts

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 60/COCH/2015[2006-07]Status: DisposedITAT Cochin19 May 2020AY 2006-07

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

6. The learned CIT (A) ought to have observed from the records that there were sufficient own funds available with the appellant for making the said investments. In this regard, reliance is placed on the decision of the High Court of Bombay in the case of CIT Vs. Reliance Utilities & Power Limited reported in 313 ITR 340. 3. The facts

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 61/COCH/2015[2006-07]Status: DisposedITAT Cochin19 May 2020AY 2006-07

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

6. The learned CIT (A) ought to have observed from the records that there were sufficient own funds available with the appellant for making the said investments. In this regard, reliance is placed on the decision of the High Court of Bombay in the case of CIT Vs. Reliance Utilities & Power Limited reported in 313 ITR 340. 3. The facts

THE ITO,, ALAPPUZHA vs. M/S.EXTRAWEAVE P. LTD, ALAPPUZHA

In the result, the appeal filed by the Revenue is partly allowed

ITA 448/COCH/2016[2010-11]Status: DisposedITAT Cochin24 Jun 2022AY 2010-11

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Extraweave Pvt. Ltd. Arattukulangara Complex 264B/Cmc 1 Vs. A.N. Puram, Alapuzha 688011 Sakteeswara Junction Cherthala 688524 Pan – Aabce5438L Appellant Respondent

For Appellant: Shri R. Krishan, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 10BSection 10B(3)Section 143(2)Section 195Section 195(6)Section 40

3,08,23,986 68,30,684 9 M/s. Extraweave Pvt. Ltd. In this regard the assessee submitted that the profit from the exempted unit is to be calculated on standalone basis and details were submitted. The AO after considering the submissions of the assessee not agreed to not to set off losses from profit of the eligible unit under

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 47/COCH/2019[2013-14]Status: DisposedITAT Cochin26 Jun 2019AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

ii) Whether on the facts and circumstances of the case, the order of CIT(A) is correct in considering the fact that reserve/provision is neither actual expenses nor ascertain liability and not entitled to deduction u/s. 80P(2)? (iii) Whether on the facts and in the circumstances of the case, the order of the CIT(A) is correct

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 93/COCH/2018[2014-15]Status: DisposedITAT Cochin26 Jun 2019AY 2014-15

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

ii) Whether on the facts and circumstances of the case, the order of CIT(A) is correct in considering the fact that reserve/provision is neither actual expenses nor ascertain liability and not entitled to deduction u/s. 80P(2)? (iii) Whether on the facts and in the circumstances of the case, the order of the CIT(A) is correct

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 400/COCH/2018[2014-15]Status: DisposedITAT Cochin26 Jun 2019AY 2014-15

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

ii) Whether on the facts and circumstances of the case, the order of CIT(A) is correct in considering the fact that reserve/provision is neither actual expenses nor ascertain liability and not entitled to deduction u/s. 80P(2)? (iii) Whether on the facts and in the circumstances of the case, the order of the CIT(A) is correct